2014-04-15T13:14:59-05:00 2013-12-31 540618213 HANTZMON WIEBEL LLP CPA'S 818 E JEFFERSON ST PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2013-01-01 311620682 MONTPELIER FOUNDATION INC MONT 5406722728 PO BOX 67 MONTPELIER STATION VA 22957 DR SEAN T O'BRIEN EXECUTIVE VICE PRESIDENT 5406722728 2014-04-15 1 P FRANK BERRY P00322544 4342962156 2013 2015-11-30 17:44:51Z DR SEAN T O'BRIEN PO BOX 67 MONTPELIER STATION VA 22957 7822243 0 X WWW.MONTPELIER.ORG X 1998 VA TO INSPIRE CONTINUING PUBLIC ENGAGEMENT WITH AMERICAN CONSTITUTIONAL SELF-GOVERNMENT BY BRINGING TO LIFE THE HOME AND CONTRIBUTIONS OF JAMES AND DOLLEY MADISON. 20 20 130 62 6821 0 4006269 5155453 1245060 1330004 282451 377003 461574 424700 5995354 7287160 0 0 0 0 3607613 3458305 0 0 908645 3208639 3323392 6816252 6781697 -820898 505463 31840816 33289306 10015142 10063983 21825674 23225323 THE MONTPELIER FOUNDATION'S PRIMARY MISSION IS TO INSPIRE CONTINUING PUBLIC ENGAGEMENT WITH AMERICAN CONSTITUTIONAL SELF-GOVERNMENT BY BRINGING TO LIFE THE HOME AND CONTRIBUTIONS OF JAMES AND DOLLEY MADISON. 0 0 2999014 1381908 OPERATE AND MAINTAIN THE MANSION AND GROUNDS TO ALLOW THE PUBLIC THE OPPORTUNITY TO VISIT AND LEARN ABOUT THE LIFE AND HISTORY OF JAMES MADISON. DURING 2013, APPROXIMATELY 65,000 PEOPLE VISITED JAMES MADISON'S MONTPELIER. 643807 ACQUIRE AND PRESERVE CURATORIAL OBJECTS APPROPRIATE TO THE PERIOD AND CONDUCT RESEARCH AND EDUCATIONAL PROGRAMS ABOUT MADISON ERA. 906326 205555 PROVIDE HIGH-QUALITY CONSTITUTIONAL EDUCATION FOR EDUCATORS, JOURNALISTS, ELECTED OFFICIALS, LAW ENFORCEMENT, JUDGES, INTERNATIONAL VISITORS, AND BUSINESS LEADERS 4549147 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 58 0 130 1 1 1 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY X THE MONTPELIER FOUNDATION INC 5406722728 PO BOX 67 MONTPELIER STATION VA 22957 MRS FLORENCE BRYAN FOWLKES DIRECTOR 2.00 X 0 0 0 MR WILLIAM H LEWIS CHAIRMAN EMERITUS 2.00 X 0 0 0 MS NANCY N CAMPBELL DIRECTOR 2.00 X 0 0 0 MR STEPHEN T MCLEAN DIRECTOR 2.00 X 0 0 0 MS CYNTHIA M REUSCHE DIRECTOR 2.00 X 0 0 0 MR JOHN J SPONSKI TREASURER 10.00 X X 0 0 0 MR GREGORY MAY CHAIRMAN 10.00 X X 0 0 0 MR ARTHUR H BRYANT JR SECRETARY 2.00 X X 0 0 0 MR DENNIS A KERNAHAN DIRECTOR 2.00 X 0 0 0 MS STEPHANIE K MEEKS DIRECTOR 2.00 X 0 0 0 MR LEIGH B MIDDLEDITCH JR DIRECTOR 2.00 X 0 0 0 DR EUGENE W HICKOK DIRECTOR 2.00 X 0 0 0 PROFESSOR G EDWARD WHITE DIRECTOR 2.00 X 0 0 0 MS ELLA STRUBEL DIRECTOR 2.00 X 0 0 0 MRS GAIL SERFATY DIRECTOR 2.00 X 0 0 0 MR ROGER H MUDD DIRECTOR 2.00 X 0 0 0 MS PATRICIA CROWE DIRECTOR 2.00 X 0 0 0 PROFESSOR JACK N RAKOVE DIRECTOR 2.00 X 0 0 0 MR ROBERT A LEATH DIRECTOR 2.00 X 0 0 0 MR JOHN F MACON II DIRECTOR 2.00 X 0 0 0 MR FRANK QIU DIRECTOR 2.00 X 0 0 0 DR SEAN T O'BRIEN EXECUTIVE VICE PRESIDENT 35.00 X 145841 0 30627 MS KAT IMHOFF PRESIDENT & CEO 35.00 X 188614 0 69609 CHARLES D SMITH VP CONSTITUTION CENTER 35.00 X 107756 0 22629 442211 0 122865 3 0 1 0 0 69813 465614 4620026 65760 5155453 ADMISSIONS 900099 993803 993803 CONSTITUTIONAL STUDIES 900099 205555 205555 130646 130646 1330004 88437 88437 160420 0 160420 160420 160420 530314 241748 288566 288566 288566 33663 69813 33663 0 523952 259672 264280 257459 6821 7287160 1587463 6821 537423 404691 40469 80938 283284 2541289 1973396 364468 203425 101493 68213 17471 15809 181687 127142 29924 24621 229145 162444 37917 28784 90000 49500 40500 31885 31885 40946 40946 452245 395442 2278 54525 57921 47966 3032 6923 185053 100480 26249 58324 147602 72421 32875 42306 187706 139025 47822 859 170268 148354 5753 16161 269428 115380 8931 145117 202298 111167 91103 28 760931 422185 338746 102337 77532 24805 REPAIRS AND MAINTENANCE 455843 373503 81909 431 CURATORIAL, EDUCATION A 216137 202866 10707 2564 OVERHEAD ALLOCATION 0 53240 -53240 CAPITAL EXPENSE TRANSFE -358371 -285464 -72907 311163 153886 131793 25484 6781697 4549147 1323905 908645 2627302 3617643 186260 197382 690326 954806 133330 157741 29883 16640 22782898 4827185 18411450 17955713 545839 538880 8032474 8732257 1183952 1118244 31840816 33289306 171633 190354 24404 2217 9100000 9100000 210998 73587 508107 697825 10015142 10063983 X 14103083 13573080 6042591 7672243 1680000 1980000 21825674 23225323 31840816 33289306 X 505463 774421 119765 X X 0 1 X 1 0 X 5947653 5071387 3881926 4006269 5155453 24062688 5947653 5071387 3881926 4006269 5155453 24062688 4803629 19259059 273361 260368 250787 252286 248857 1285659 25348347 9718696 0.75980 0.79850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 8032474 250000 1157156 416427 40947 8982256 7488666 928211 340216 44187 8032474 7797020 60000 -62692 248532 57130 7488666 7363738 873644 394532 45830 7797020 5844140 100267 1729554 274464 35759 7363738 0.39000 0.22000 0.39000 1 0 217518 67508 150010 20547908 3638199 16909709 1618204 926259 691945 399268 195219 204049 17955713 NATIONAL TRUST POOLED INVESTMENTS 8732257 F 8732257 CAPITAL LEASE PAYABLE 20177 ACCRUED WAGES AND VACATION 333709 SECURITY DEPOSITS 44867 OTHER LIABILITIES 18197 LINE OF CREDIT - BANK 280875 697825 X 7996186 774421 119765 894186 7102000 185160 185160 7287160 6596537 0 6596537 185160 185160 6781697 PART III, LINE 1A: CONTRIBUTIONS AND EXPENDITURES FOR WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS THAT ARE HELD AS PART OF COLLECTIONS ARE NOT RECOGNIZED AS AN ASSET IN ACCORDANCE WITH ACCOUNTING STANDARDS. COST FOR IMPROVEMENTS TO AND RESTORATION OF THE HISTORIC BUILDINGS AND GROUNDS ARE EXPENSED WHEN INCURRED IN ACCORDANCE WITH ACCOUNTING STANDARDS. PART III, LINE 4: THE FOUNDATION'S COLLECTIONS CONSIST OF PERIOD FURNITURE, ART WORK, AND OTHER HOUSEHOLD ITEMS WHICH ARE DISPLAYED IN THE HOME OF JAMES AND DOLLEY MADISON. THESE DISPLAYS ALLOW VISITORS TO BETTER UNDERSTAND THEIR STYLE AND INTERESTS AND GLEAN AN APPRECIATION FOR WHAT LIFE WAS LIKE FOR THEM AT MONTPELIER. PART X, LINE 2: THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. THE FOUNDATION GENERALLY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U. S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010 PART XI, LINE 2D - OTHER ADJUSTMENTS: SWAP VALUATION ADJUSTMENT 73,011. CHANGE IN BENEFICIAL INTEREST IN TRUSTS 46,754. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED AGAINST EXPENSES 185,160. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED AGAINST EXPENSES 185,160. DOLLEY MADISON LEGACY LUNCH 103476 69813 33663 9047 21144 3472 0 103476 69813 33663 9047 21144 3472 33663 0 X 1 1 X 0 0 0 0 0 0 0 0 0 DR SEAN T O'BRIEN EXECUTIVE VICE PRESIDENT 145841 0 0 0 0 0 30627 0 0 0 176468 0 0 0 MS KAT IMHOFF PRESIDENT & CEO 188614 0 0 0 0 0 39609 0 30000 0 258223 0 0 0 PART I, LINE 1A THE FOUNDATION PROVIDES HOUSING FOR THE PRESIDENT. THIS HOUSING IS LOCATED ON THE FOUNDATION'S PROPERTY AND IS A CONDITION OF EMPLOYMENT FOR THE PRESIDENT. THE ESTIMATED MARKET VALUE OF THE HOUSING PROVIDED IS $30,000. A EDA OF THE COUNTY OF ORANGE VIRGINIA 521304240 2013-06-27 9100000 REFUND OF ISSUER'S $9,100,000 VARIABLE RATE TAX EXEMPT BOND ISSUED 12/16/14 0 0 0 A 9100000 9100000 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 X 23 DONOR ESTIMATES X 17 65760 FAIR MARKET VALUE 0 0 1 1 PART I, LINE 32B: THE MONTPELIER FOUNDATION USES WELLS FARGO ADVISORS AS THEIR BROKER TO RECEIVE AND LIQUIDATE SECURITIES DONATED TO THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 ON BEHALF OF THE BOARD, THE FINANCE COMMITTEE RECEIVES, REVIEWS, AND DISCUSSES THE 990 WITH MANAGEMENT AND THE INDEPENDENT AUDITORS. SUBSEQUENT TO THAT, THE FOUNDATION PROVIDES A DRAFT COPY OF THE 990 TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY HAS BEEN DISTRIBUTED TO ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS AND MANAGEMENT PERSONNEL. THROUGH THEIR CONSCIOUS EFFORTS DURING THE DECISION MAKING PROCESS, THE ORGANIZATION REFRAINS FROM ENTERING INTO TRANSACTIONS WHICH ARE IN VIOLATION OF THE POLICY. IT IS THE CONTINUING RESPONSIBILITY OF THE BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND TO IMMEDIATELY MAKE SUCH DISCLOSURES TO THE PRESIDENT OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S BOARD OF DIRECTORS HAS A HUMAN RESOURCES COMMITTEE THAT DETERMINES COMPENSATION FOR THE PRESIDENT OF THE FOUNDATION. THE COMMITTEE REVIEWS THE COMPENSATION AMOUNTS PAID BY OTHER LOCAL HISTORICAL SITES AND NON-PROFITS BEFORE DETERMINING WHAT LEVEL TO SET COMPENSATION FOR THE FOUNDATION'S PRESIDENT. FOR OTHER OFFICERS AND KEY EMPLOYEES, SALARY RECOMMENDATIONS ARE MADE BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION KEEPS A PUBLIC INFORMATION FILE IN THE MAIN OFFICE. THE CUSTODIAN OF THE DOCUMENTS WILL FAX OR SEND ELECTRONICALLY THESE DOCUMENTS UPON A SPECIFIC REQUEST. FORM 990, PART XI, LINE 9: SWAP AGREEMENT VALUATION 73,011. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 46,754. FORM 990, PAGE 12, LINE 2C A DRAFT COPY OF THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO ACCEPTANCE. ALSO, THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE SELECTING OF THE INDEPENDANT AUDITORS AND OVERSIGHT OF THE AUDIT. 990 PART XI, LINE 2B THE FOUNDATION'S FINANCIAL STATEMENTS ARE AUDITED ANNUALLY ON A CONSOLIDATED BASIS. SUPPLEMENTAL CONSOLIDATING SCHEDULES, FOR WHICH A SEPARATE AUDIT REPORT IS ISSUED, ARE PROVIDED IN THE FINANCIAL STATEMENTS.